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Rand Merchant Bank pledges to support Nigeria in trade facilitation

The government of Nigeria has received a commitment from Rand Merchant Bank to work with it to make the nation a trading hub for the continent. At a r

The government of Nigeria has received a commitment from Rand Merchant Bank to work with it to make the nation a trading hub for the continent. At a recent panel with the theme implementing a 21stcentury trade economy The challenge of transforming Nigeria into Africas business hub, Taiwo Shote, CoHead, Banking, Rand Merchant Bank Nigeria, said this. One of the programs developed in response to the effects of the COVID19 pandemic on export businesses is the Export Expansion Facility Program EEFP. The BOI was appointed as the custodian of the N50 billion Export Development Fund, which was established by the Nigerian Export Promotion Council. Read More..

B2B Tech News | 2 years ago        

The G7 looks into energy price caps

The G7 summit in Germany has been overshadowed by fears of a recessioninduced by rising inflation. Leaders will explore the feasibility of introducing

The G7 summit in Germany has been overshadowed by fears of a recessioninduced by rising inflation. Leaders will explore the feasibility of introducing price caps on imports of energy. Emmanuel Macron called for higher global oil production, including from Venezuela and Iran. The leaders also condemned Russias attack on a shopping mall in the Ukrainian city of Kremenchuk. Ukraines president described the missile strike as a war crime. Read More..

B2B Tech News | 2 years ago        

Ofi is collaborating with GEA to expand instant coffee production in Brazil

GEA has started installing a production facility to produce two complete lines of instant coffee for Olam food ingredients OFI. The new plant is being

GEA has started installing a production facility to produce two complete lines of instant coffee for Olam food ingredients OFI. The new plant is being built in Espírito Santo, Brazil, a conilon beanproducing region. Conilon coffee beans are similar to robusta, which is bitter and mainly utilized in espresso and instant coffee production. The GEA Skills Center in Denmark will offer its own caramel extraction system for the production of highefficiency coffee. Read More..

B2B Tech News | 2 years ago        

Bangladesh Technology Startup Raises $ 63 Million to Fund B4 Series

Bangladesh ShopUp will raise another $ 62.89 million from Valar Ventures and Flourish Ventures to fund its B4 series. According to a request filed wit

Bangladesh ShopUp will raise another $ 62.89 million from Valar Ventures and Flourish Ventures to fund its B4 series. According to a request filed with the Singapore Accounting and Corporate Regulatory Authority ACRA, the shares will be issued for approximately $ 56 each. DealStreetAsia reports that, for the first time since the September 2021 Serie B tournament, the startup completed its $ 34 million upgrade round in Serie B in January this year. Sequoia Capital India and Flourish Ventures ran the ShopUp A series for $ 22.5 million. Read More..

B2B Tech News | 2 years ago        

Allegheny Technologies ATI rises 7.4% Will this capability hold up?

Allegheny Technologies ATI shares soared 7.4% in the last trading session to close at $23.17. This compares to the stocks 20.3% loss over the past fou

Allegheny Technologies ATI shares soared 7.4% in the last trading session to close at $23.17. This compares to the stocks 20.3% loss over the past four weeks. The company benefits from increased capacity in commercial jet engines and energy markets. It has good opportunities to reap the benefits of global economic recovery, efforts to change businesses and continuous improvement of the business environment. Read More..

B2B Tech News | 2 years ago        

Franke invests $ 50.3 million in San Luis Potos

Franke, a company in the highend kitchen manufacturing industry has agreed to invest US$50.3 million in San Luis Potosi for the installation and opera

Franke, a company in the highend kitchen manufacturing industry has agreed to invest US$50.3 million in San Luis Potosi for the installation and operation of its new plant. Franke is a leading global supplier of systems and solutions for domestic kitchens as well as for the professional coffee and fast food sector. It is worth noting that this investment project will bring new technical and skilled jobs to the inhabitants in addition to the human capital that our country already possesses. Read More..

B2B Tech News | 2 years ago        

Why is the US once again increasing its presence in Somalia?

The move comes as the government struggles to contain the growing threat from AlShabaab, a terrorist group affiliated with AlQaeda. But the new admini

The move comes as the government struggles to contain the growing threat from AlShabaab, a terrorist group affiliated with AlQaeda. But the new administration viewed this move by President Joe Bidens administration as irrational. Since then, AlShabaab, the terrorist group in Somalia, which is the largest, richest and deadliest branch of AlQaeda, has sadly only gotten stronger. The newly elected President of Somalia, Hassan Sheikh Mohamud, has banned the return of US troops to openly welcome the country. According to Mahmood, a senior analyst at the International Crisis Group, and Abdihakim Ainte, a former Somali government adviser, the groups total revenue will most likely exceed that of the government itself. Read More..

B2B Tech News | 2 years ago        

Nifty touches above 15,850 breadth remains strong

The Nifty IT index rose 1.84% to 28,288.35. The index had lost 0.89% in the past trading session. Welspun Corp gained 3.54% to Rs 220.60 after securin

The Nifty IT index rose 1.84% to 28,288.35. The index had lost 0.89% in the past trading session. Welspun Corp gained 3.54% to Rs 220.60 after securing orders worth about Rs 600 crore across the oil & gas and water sector of about 47,000 MT. Dredging Corporation of India jumped 1.06% after signing an agreement for developing water bodies across India. Doctor Reddys Laboratories rose by 1.50 to Rs 4,373.35 after the drugmaker announced that it had acquired a portfolio of branded and generic injectables from USbased Eton Pharmaceuticals, Inc. The company will develop fishing harbours/reservoirs/ponds/other water bodies across India through dredging and other acquatic activities. Wall Street rebounded on Friday as oil prices eased, tempering fears of prolonged inflation and the accompanying Federal Reserve tightening. Russia defaulted on foreigncurrency sovereign debt for the first time in more than 100 years, as per reports. Read More..

B2B Tech News | 2 years ago        



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